China’s Consumption Downgrade: Skip Avocados, Cocktails and Kids 8 years ago
10 years ago....
debt to GDP https://www.bloomberg.com/news/articles/2018-02-08/sizing-up...
2008 - 150%
2018 - 350% (official figure) 450% (official figure plus shadow debt)
gdp growth https://tradingeconomics.com/china/gdp-growth-annual
2008 - 12%
2018 - 6%
children per women http://www.china-profile.com/data/fig_WPP2010_TFR_1.htm
2008 - 1.75
2018 - 1.5
China lost 4 trillion wealth to migration https://www.forbes.com/sites/insideasia/2017/02/22/china-cap...
Nothing goes up forever. Eventually they come crashing down to earth. Noone escapes economics fundamentals.